Crude oil inventories in the United States rose this week by 4.906 million barrels for the week ending April 26, according to The American Petroleum Institute API . For the week prior, the API reported a 3.23 million barrel draw in crude inventories. On Tuesday, the Department of Energy DoE reported that crude oil inventories in the Strategic Petroleum Reserve SPR rose by 0.6 million barrels as of April 26. Inventories are now at 366.3 million barrels—the highest point since last April.
At 352 pm ET, Brent crude continued Monday’s slide, trading down another 0.61 on the day at $87.86, $0.55 per barrel lower than this time last week. The U.S. benchmark WTI was also trading down on the day by 1.22% at $81.62—down roughly $1.70 per barrel from this time last week. Gasoline inventories fell this week by 1.48 million barrels, on top of last week’s 595,000 barrel drop in the week prior.
Oil Inventories Crude Gasoline Refining Distillates Downstream
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